Insurance regulatory compliance

Insurance companies are routinely subject to market conduct and financial examinations, which are thorough, require companies to dedicate staff and interrupt their business operations, and can be costly for companies that have multiple domestic regulators. Moreover, exam reports are public information, and therefore can subject companies to public scrutiny, large fines, and reputational risk. Accordingly, insurers need to know the true scope of their issues and state of their compliance functions before examinations take place, as well as how to operationalize any process improvements they agree to later.

Our Insurance Regulatory and Compliance Practice has extensive experience consulting with insurers on regulatory compliance issues and long-standing working relationships with industry trade groups, state departments of insurance, and the NAIC. We help clients develop a proactive approach to improving compliance functions so they can: